Investing Money Tips

[sherck]

Originally Posted by smitty46953

That is great advice for him to follow ...
With #4 I don't know your employment situation, but if a 401K plan is available most offer a % match. For example if you put in 6% your employer will match up to a pre-set percentage. ALWAYS put in at least what your company will match ...

For retirement, priority should be:

1. Roth 401k with match (match will not be Roth).
2. Traditional 401k with match.
3. Roth IRA.
4. Roth 401k without match.
5. Traditional IRA.
6. Traditional 401k without match.
7. Variable annuity.
8. Taxable investment account.

Always growth stock mutual funds with long, good track records split evening between large cap, mid cap, small cap and international.

After getting out of debt and get your full emergency fund, you do steps 4, 5, and 6 at the same time. Once you own your home, so many life choices open up.

Cheers,

Sent from my SM-G930V using Tapatalk